Letter of Credit

Bank-backed payment assurance for international trade, Letter of Credit (LC) is a secure and formal undertaking by the bank, on behalf of importer, to pay exporter upon compliant presentation against stipulated LC terms and conditions. LC shall uphold trust and confidence for both importer and exporter worldwide.

Features

  • Available in key global currencies, USD, JPY, EUR, SGD etc
  • Strong adherence and governed by the latest Uniform Customs and Practice for Documentary Credits (UCP) and International Standard Banking Practices (ISBP) by International Chamber of Commerce
  • Sight, Usance and Flexible Terms arrangement available

Benefits

Importer/Applicant:

  • Control over Terms and Payment: Secure and timely settlement under agreed terms, strengthening business relationships and credibility.
  • Souring and Trust: International access to goods from a wider range of markets and suppliers, encouraging new supplier relationships through payment assurance.
  • Strengthened Credibility: Negotiated more favorable commercial terms with the seller.   
  • International Rules: End-to-end flow is handled by the bank’s experienced trade finance professionals.
  • Access to Finance: Trade Finance Loan is available subject to credit assessment.

Exporter/Beneficiary:

  • Payment Assurance: Guaranteed and timely payment from the issuing bank upon presentation of compliant documents.
  • International Rules: End-to-end flow is handled by the bank’s experienced trade finance professionals.
  • Strengthened Credit Profile:  LC-backed transactions shall deepen the relationship with the bank for growth strategy and working capital support.
  • Access to Finance: Trade Finance Loan is available subject to credit assessment.
  • Enhance Buyer-Supplier Relationship: Contractual obligations are fulfilled by each party, upholding trust and business continuity.  
     

Requirements

Visit the nearest branch for additional information about our trade finance products and services, including the required documents, fees and charges.

 

Trade Finance Enquiries

Call: (855) 89 666 278 or (855) 85 666 458
Mondays – Fridays (8 AM - 5 PM)
*excluding public holidays

SUMIT ENQUIRY